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  "documentTitle": "Capricorn Energy PLC (CNE)",
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  "authorName": "James Smith",
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      "text": "A one-sided deal that benefits Tullow alone through a de-leveraging of its stressed balance sheet",
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      "text": "Total Shareholder Return: -72%",
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      "text": "From a Total Shareholder Return (“TSR”) perspective, Tullow has been amongst the worst performing investments in the EMEA oil & gas sector over the past five years.",
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      "text": "We regard the Proposed Merger as a transaction structured exclusively for the benefit of Tullow and its creditors.",
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      "text": "Source: Bloomberg",
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